FEIM - Frequency Electronics cheers U.S. government contract

Frequency Electronics (FEIM) rallies 8.8% higher after hours on selection of its high performance oscillators and microwave frequency generation units for ultimate application on a key U.S. government satellite system.This first phase contract is valued at ~$17M, with a four year period of performance; Phase 2 follow-on contract for additional flight units is expected.FEIM continues to be the go-to provider of technically advanced, high-stability oscillators, as well as RF and microwave sources for space.

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Frequency Electronics cheers U.S. government contract